10/97 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CHEVY CHASE MASTER CREDIT CARD TRUST II
RECEIVABLES
Beginning of the Month Principal Receivables: $ 2,066,862,462.68
Beginning of the Month Finance Charge Receivables: $ 67,592,861.69
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,134,455,324.37
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 0.00
Additional Finance Charge Receivables: $ 0.00
Additional Total Receivables: $ 0.00
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,034,901,461.75
End of the Month Finance Charge Receivables: $ 66,217,310.43
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,101,118,772.18
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 1,875,000,000.00
End of the Month Transferor Amount $ 159,901,461.75
End of the Month Transferor Percentage 7.86%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 52,158,133.32
60-89 Days Delinquent $ 31,729,341.74
90+ Days Delinquent $ 51,403,791.91
Total 30+ Days Delinquent $ 135,291,266.97
Delinquent Percentage 6.44%
Defaulted Accounts During the Month $ 16,422,460.44
Annualized Default Percentage 9.53%
Principal Collections 213,312,212.64
Principal Payment Rate 10.32%
Total Payment Rate 11.83%
10/97 Page 2
INVESTED AMOUNTS
Class A Initial Invested Amount $ 368,000,000.00
Class B Initial Invested Amount $ 32,000,000.00
INITIAL INVESTED AMOUNT $ 400,000,000.00
Class A Invested Amount $ 368,000,000.00
Class B Invested Amount $ 32,000,000.00
INVESTED AMOUNT $ 400,000,000.00
FLOATING ALLOCATION PERCENTAGE 19.35%
PRINCIPAL ALLOCATION PERCENTAGE 19.35%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 3,177,746.10
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 7,421,695.97
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 7,421,695.97
Class A Monthly Interest $ 1,981,833.33
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 2,923,526.41
TOTAL CLASS A EXCESS SPREAD $ 1,903,002.90
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 645,364.86
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 645,364.86
Class B Monthly Interest $ 175,560.00
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 416,471.53
10/97 Page 3
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,319,474.43
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B Items $ 254,219.69
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 28,210.77
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $ 2,037,043.97
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 9,002,222.84
SERIES 1995-A EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-A
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
10/97 Page 4
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
YIELD AND BASE RATE --
Base Rate (Current Month) 7.88%
Base Rate (Prior Month) 7.92%
Base Rate (Two Months Ago) 7.91%
THREE MONTH AVERAGE BASE RATE 7.90%
Portfolio Yield (Current Month) 14.67%
Portfolio Yield (Prior Month) 13.18%
Portfolio Yield (Two Months Ago) 12.56%
THREE MONTH AVERAGE PORTFOLIO YIELD 13.47%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 37,973,840.09
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,302,073.06
TOTAL PRINCIPAL COLLECTIONS $ 41,275,913.15
REALLOCATED PRINCIPAL COLLECTIONS $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 41,275,913.15
SHARING
INVESTOR CHARGE OFFS --
10/97 Page 5
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 52,000,000.00
Available Cash Collateral Amount $ 52,000,000.00
INTEREST RATE CAP PAYMENTS --
Class A Interest Rate Cap Paymets $ 0.00
Class B Interest Rate Cap Paymets $ 0.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
CHEVY CHASE BANK, F.S.B.,
as Servicer
By: ________________________
Mark A. Holles
Vice President